Macro Finance
Soft US Jobs Cast Doubt on September Fed Hike
Bloomberg Markets·August 10, 2026·1 min read
Jennifer McKeown of Capital Economics discussed the implications of the US labor report showing a decline in payrolls alongside a drop in unemployment rate. Wage growth at 3.2% was softer than expected, reducing the likelihood of a September Fed hike. McKeown highlighted concerns about falling labor force participation and the critical upcoming July CPI data. (Source: Bloomberg)
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